Infosys Finacle positioned as a leader in core banking solutions

The report, which focuses on Global Core Banking Providers in the context of the North American market, compares 19 core banking solutions in the global marketplace.

The report lauds Finacle for exhibiting a high level of strategic vision and for its ability to deliver functionality and support to clients. IDC mentions in the report that “Infosys continues to impress with scale, with its highest benchmarks in production reaching around 71 million customers with 88 million accounts, and an average transaction throughout of 6.6 million (and peaks of up to 10 million) per day.”
 
Michael Reh, Senior Vice President and Global Head of Infosys Finacle, said: “We believe being evaluated as a Leader among the global core banking providers clearly underlines our ability to deliver best-in-class banking solutions that are fully tailored to the US market requirements. This recognition, along with our successful implementation at Discover Financial Services, clearly establishes that Finacle is best equipped to help modernize US banks that are struggling with legacy IT infrastructure, while also helping them achieve profitable growth.”

Karen Massey, Senior Analyst, IDC Financial Insights, said: "Using the IDC MarketScape, our global team of analysts rigorously evaluated 19 global core banking solutions in terms of current and planned capabilities, corporate and product strategies, and customer references. Infosys Finacle scored quite well across all metrics and we congratulate them on earning the position of 'Leader' among the global core banking providers."

According to Jerry Silva, Research Director, IDC Financial Insights,  "Two significant trends underscore the importance of this core banking MarketScape − the rising pace of core banking technology transformation, and the globalization of solutions in this market.  Infosys Finacle is well positioned to support banks around the world with a leading solution for such transformation projects.”